US EditionGold and Silver Prices Crash Today: When Was the Last Time Precious Metals Dropped This Hard?
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3 Articles
Gold and silver went through the largest drop in recent years during the 30 January bidding, reported Bloomberg.
Gold and Silver Prices Crash Today: When Was the Last Time Precious Metals Dropped This Hard?
The global bullion market witnessed an extraordinary "capitulation event" on Friday, January 30, as gold and silver prices suffered their most severe single-day crashes since 2013. In India, gold futures on the MCX dived by nearly 9% to an intraday low of INR 1,67,406 per 10 grams, while silver experienced a staggering 17% collapse, crashing from its record high of INR 4.2 lakh to just INR 3.32 lakh per kilogram. Amid the bloodbath, know when wa…
Gold tumbles to $4,900, silver crashes 25% as precious metals trade unwinds
Gold (GC=F) futures fell as much as 11% to trade below $4,800 per ounce on Friday in a severe reversal of this year's massive rally in precious metals. Spot gold saw its biggest daily drop since the early 80's while silver (SI=F) also tumbled more than 25%, its largest daily decline on record in a…
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